Mumbai, Aug. 7 -- The Nasdaq jumped 252.87 points (1.2%) to 21,169.42 and the S&P 500 climbed 45.87 points (0.7%) to 6,345.06. The narrower Dow posted a more modest gain, rising 81.38 points (0.2%) to 44,193.12.

Apple (AAPL) helped lead the markets higher, surging by 5.1% following reports the company will announce plans to invest another $100 billion to expand its U.S. operations during a White House event later today. Apple CEO Tim Cook is expected to join President Trump to announce plans to raise U.S. investments to $600 billion. Meanwhile, stocks saw mixed moves as McDonald's rose 3% and Shopify surged 22% on strong earnings. In contrast, Super Micro Computer and Snap plunged 18.3% and 17.2% respectively on weak results, while Disne...